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Northern Trust has been appointed by US investment manager Corry Capital Advisors (CCA) to support its expansion into Europe and distribution of its longevity-based life settlement strategies to new investors.
Northern Trust will provide fund administration and depositary solutions for CCA’s new Irish Life Settlements Irish Collective Asset-management Vehicle (ICAV), as CCA increases its European presence and opens a new office in Dublin.
CCA is headquartered in Pittsburgh, Pennsylvania, US and was founded in 2006 by William Corry who also serves as its general manager. CCA is a specialist alternatives investment manager with a focus on life insurance and
The active management industry must work harder in a number of critical areas to convince investors of its value proposition, according to a new report released by Allianz Global Investors.
Incorporating the views of nearly 500 institutional investors from around the world with USD 15 trillion in Assets under Management, the report, ‘Staying Active: how to regain trust in active management’, outlines that while active managers are best placed to help investors overcome the challenges they themselves identify, overall confidence in active managers is low.
Of the global investors surveyed, less than a quarter (23 per cent) said they
Torstone Technology, a provider of post-trade securities and derivatives processing technology, is to acquire Percentile, a provider of real-time, cloud-based risk and compliance technology to global financial markets.
The Percentile risk management solution will form a component of Torstone’s platform. Torstone is now able to provide a full-service, cross-asset, global post-trade offering, including risk and compliance, providing the best possible services and solutions to a new expanded client base, that can adapt as the markets continue to evolve.
The Percentile acquisition represents another step forward by Torstone to strengthen its post-trade offering, having recently announced plans to significantly expand
There was a sharp increase recorded in private debt fund activity in France in 2018 confirming the growing importance of private debt in financing methods, by offering companies and equity investors an alternative and complementary financing solution to bank debt.
That’s according to a new report by France Invest (Association of Investors for Growth) and Deloitte based on a survey of members of the France Invest Private Debt Commission and international firms which have a team specialising in private debt or a representative office in France. A total of 84 per cent of the 37 firms surveyed responded.
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Eze Castle Integration, a global managed service provider to the investment industry, has launched its Eze Dark Web Monitoring Service to proactively protect clients against the threat of stolen user credentials and targeted account takeover.
Eze Dark Web Monitoring scans the dark web for client watchlist assets and triggers an automatic response if a match occurs to enable action before a potential breach.
Across the dark web underworld criminals are buying and selling stolen user credentials, including email addresses, usernames and passwords, to access high value (i.e. executive and privileged user) accounts. Once in a system, criminals steal financial assets,
Q&A with Ryan Hart who serves as the Director of Research and Portfolio Manager for CoquestAdvisors, a provider of specialised investment research, consulting services, and customised portfolio solutions to family offices, institutions, and registered investment advisors. Interview by Ole Rollag, Managing Principal of Murano.
Q: How did you start in the industry?
A: Fresh out of undergrad I started my career at Franklin Templeton in the Bay area. At the time, I wanted to be an equity PM and pick stocks and manage stock portfolios. I was in a training programme and was allocated to an assignment with the Fund of Hedge Funds group. At
Burford Capital Limited (Burford), a global finance and investment management firm focused on law, has closed the Burford Alternative Income Fund LP (BAIF), a new private fund focused on post-settlement investments.
BAIF will invest in settled litigation matters, monetising a claimant’s settlement and other associated legal receivables. The solution serves to meet the needs of law firms awaiting payment of their fees and clients eager to release cash from the settlement, who find it attractive to secure financing against those expected receipts.
A variety of institutional investors made commitments to BAIF in the aggregate amount of USD297.25 million. BAIF’s investment
Xena Exchange has launched a free desktop terminal for its clients designed to meet the information demands of professional traders looking to navigate the cryptocurrency markets.
The desktop terminal is aimed at both novice traders looking to learn, test paper trading, try new strategies and order types, as well as experienced professionals. For more experienced traders, it allows easy automation of trading strategies using C# and Visual Studio Code plugin, strategy back testing, built-in calculation as well as one-click trading of synthetic instruments.
The desktop terminal was created in order to serve traders who do not use web terminals and
German fintech company Finoa has launched a banking-grade custody service aimed at institutional investors in digital assets.
According to the World Economic Forum (WEF), by 2027 around 10 per cent of the world’s GDP will be transacted and stored on blockchain, which represents a USD24 trillion opportunity window for the digital asset space. Finoa believes this will be one of the biggest disruptions for the financial sector in recent decades, as it will boost asset-liquidity and market efficiencies.
However, safeguarding digital assets (and the cryptographic keys, inherent in this technology) remains a daunting task for many institutional investors, who often
Apex Group (Apex) has appointed Gareth Smith has joined as Head of Channel Islands (Guernsey/Jersey), to manage the Group’s expanding operation and client service delivery across Jersey and Guernsey.
Smith (pictured) joins Apex from Maitland Administration (Guernsey) Limited where he has been a Director for the past two years. At Maitland he led the firm’s local growth in Guernsey, was involved with the development in the fiduciary business and established a ManCo service solution. Prior to that, Smith spent nearly ten years at R&H Fund Administration, four of which as a Director at its Guernsey arm again driving local expansion,
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